Upstart Holdings, Inc. (NASDAQ:UPST - Get Free Report) has earned an average rating of "Hold" from the fourteen research firms that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $77.8462.
UPST has been the subject of several analyst reports. Needham & Company LLC reissued a "buy" rating and issued a $82.00 target price (up previously from $70.00) on shares of Upstart in a research note on Wednesday, August 6th. Piper Sandler lifted their price target on Upstart from $75.00 to $90.00 and gave the company an "overweight" rating in a report on Wednesday, August 6th. Bank of America lowered their price target on Upstart from $88.00 to $87.00 and set a "neutral" rating for the company in a report on Wednesday, August 6th. Barclays boosted their target price on Upstart from $42.00 to $47.00 and gave the stock an "equal weight" rating in a report on Monday, May 12th. Finally, Stephens started coverage on Upstart in a report on Thursday, June 12th. They set an "equal weight" rating and a $55.00 target price for the company.
Check Out Our Latest Stock Report on UPST
Insider Buying and Selling at Upstart
In related news, CEO Dave Girouard sold 41,667 shares of the company's stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $75.07, for a total transaction of $3,127,941.69. Following the sale, the chief executive officer directly owned 52,614 shares of the company's stock, valued at approximately $3,949,732.98. This represents a 44.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Natalia Mirgorodskaya sold 6,533 shares of the company's stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $70.06, for a total value of $457,701.98. Following the sale, the insider directly owned 24,623 shares in the company, valued at approximately $1,725,087.38. This represents a 20.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 151,650 shares of company stock valued at $9,665,841 in the last three months. Corporate insiders own 16.67% of the company's stock.
Institutional Investors Weigh In On Upstart
Institutional investors and hedge funds have recently made changes to their positions in the company. Virtus Fund Advisers LLC acquired a new stake in shares of Upstart during the 4th quarter valued at approximately $32,000. Ameritas Advisory Services LLC acquired a new stake in shares of Upstart during the 2nd quarter valued at approximately $34,000. Steward Partners Investment Advisory LLC increased its position in Upstart by 72.1% in the second quarter. Steward Partners Investment Advisory LLC now owns 864 shares of the company's stock worth $56,000 after buying an additional 362 shares during the period. Mackenzie Financial Corp acquired a new stake in Upstart in the fourth quarter worth $62,000. Finally, Daiwa Securities Group Inc. increased its position in Upstart by 29.1% in the second quarter. Daiwa Securities Group Inc. now owns 1,068 shares of the company's stock worth $69,000 after buying an additional 241 shares during the period. 63.01% of the stock is owned by institutional investors and hedge funds.
Upstart Trading Up 0.4%
Shares of NASDAQ:UPST traded up $0.26 during midday trading on Wednesday, hitting $64.09. 4,441,499 shares of the stock were exchanged, compared to its average volume of 6,343,841. The stock has a market cap of $6.17 billion, a P/E ratio of -801.13 and a beta of 2.39. Upstart has a twelve month low of $31.40 and a twelve month high of $96.43. The company has a 50 day moving average price of $69.91 and a 200-day moving average price of $59.13.
Upstart (NASDAQ:UPST - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.09. Upstart had a negative return on equity of 5.95% and a negative net margin of 0.75%. The business had revenue of $257.29 million during the quarter, compared to the consensus estimate of $225.35 million. During the same quarter in the previous year, the company posted ($0.17) EPS. The business's revenue was up 101.6% on a year-over-year basis. On average, equities research analysts expect that Upstart will post -0.03 earnings per share for the current year.
About Upstart
(
Get Free Report)
Upstart Holdings, Inc, together with its subsidiaries, operates a cloud-based artificial intelligence (AI) lending platform in the United States. Its platform includes personal loans, automotive retail and refinance loans, home equity lines of credit, and small dollar loans that connects consumer demand for loans to its to bank and credit unions.
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